Ashford Hospitality Trust Inc Stock Forecast
A very red day for Ashford Hospitality Trust Inc stock price after a -7.09% fall in the Thursday trading session
(Updated on Apr 25, 2024)
The Ashford Hospitality Trust Inc stock price fell by -7.09% on the last day (Thursday, 25th Apr 2024) from $1.27 to $1.18. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 9.74% from a day low at $1.15 to a day high of $1.26. The price has fallen in 7 of the last 10 days and is down by -20.27% for this period. Volume has increased on the last day by 326 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 790 thousand shares were bought and sold for approximately $932.26 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.87% during the next 3 months and, with a 90% probability hold a price between $0.780 and $1.37 at the end of this 3-month period.
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AHT Signals & Forecast
There are few to no technical positive signals at the moment. The Ashford Hospitality Trust Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.28 and $1.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -38.86%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Ashford Hospitality Trust Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Ashford Hospitality Trust Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.112 between high and low, or 9.74%. For the last week, the stock has had daily average volatility of 6.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AHT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Ashford Hospitality Trust Inc to open at $1.20, and during the day (based on 14 day Average True Range), to move between $1.10 and $1.26, which gives a possible trading interval of +/-$0.0804 (+/-6.81%) up or down from last closing price. If Ashford Hospitality Trust Inc takes out the full calculated possible swing range there will be an estimated 13.62% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.31, some $0.130 (11.02%) from the current price of $1.18, our system finds the risk reward not very attractive.
Is Ashford Hospitality Trust Inc stock A Buy?
Ashford Hospitality Trust Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -7.005 Strong Sell Candidate Downgraded
Predicted Opening Price for Ashford Hospitality Trust Inc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$1.20 ( 1.47%) | $1.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AHT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.31 | 10.96 % | |
R2 | 1.27 | 7.33 % | ||
R1 | 1.24 | 5.09 % | ||
Current price: | 1.18 | |||
Support | S1 | 1.15 | -2.16 % | |
S2 | 1.13 | -4.40 % | ||
S3 | 1.09 | -8.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.38 | 16.95 % | |
R2 | 1.32 | 11.86 % | ||
R1 | 1.31 | 11.02 % | ||
Current price | 1.18 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
AHT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 05, 2019 | Dec 30, 2019 | Jul 16, 2020 | $6.00 | 10.77% |
2 | Sep 12, 2019 | Sep 27, 2019 | Oct 15, 2019 | $5.93 | 2.14% |
3 | Jun 14, 2019 | Jun 27, 2019 | Jul 15, 2019 | $5.93 | 2.37% |
4 | Mar 13, 2019 | Mar 28, 2019 | Apr 15, 2019 | $11.86 | 2.33% |
5 | Dec 10, 2018 | Dec 28, 2018 | Jan 15, 2019 | $11.86 | 2.59% |
FAQ
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